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Alvord Development Opportunity
One Property. Three Ways to Invest.
Positioned along highly traveled US-287 on the north side of Alvord, Texas, this unique property offers an exceptional opportunity for commercial developers, builders and investors. With excellent highway visibility, multiple points of access and flexible purchase options, the property can be acquired as a whole or divided to fit a variety of development plans.
Whether you're looking for a larger mixed-use development opportunity, a highly visible commercial tract or ready-to-build townhouse lots, there are three ways to make this property work for you.
Purchase the complete 11.04-acre property and take advantage of both commercial and residential development potential.
Located within the Alvord city limits, the property is currently zoned for commercial use and offers approximately 11 cleared acres with two to three sides of road frontage. Its prominent frontage along US-287 provides outstanding visibility to thousands of daily travelers, while access from Business 287 and the 287 Bypass makes the property convenient and accessible.
The property offers significant flexibility for future development. The larger commercial portion could potentially be divided into four or more 2+ acre tracts, creating opportunities for multiple businesses or individual commercial sites.
Included within the 11.04 acres are two lots that have already been rezoned and platted for a seven-townhouse development. Fully engineered and approved plans are included with the purchase, giving a developer the option to begin with the existing townhouse project or explore expanding the residential concept across a larger portion of the property.
A previously existing oil and gas well has been plugged and all associated equipment removed, leaving a cleared property ready for its next chapter.
Highlights:
11.04 total acres
Commercially zoned
US-287 frontage and visibility
Access from Business 287 and the 287 Bypass
Potential to subdivide into multiple commercial tracts
Two platted townhouse lots included
Approved engineering plans for seven townhouses
Opportunity for expanded residential or commercial development
Cleared and ready for development
Option 1: 11.04 Acres — Complete Development Opportunity
11.04 Acres | MLS #21178206
Option 2: 10.07 Acres — Commercial Tract
10.07 Acres | MLS #21264936
For buyers focused specifically on commercial development, the 10.07-acre tract offers a highly visible location with plenty of room to create a project tailored to the market.
The cleared property sits within Alvord city limits and is currently zoned for commercial use. With two to three sides of road frontage and its longest side positioned along heavily traveled US-287, the property offers excellent exposure for businesses looking for a prominent highway location.
Access is available from Business 287 and the 287 Bypass, and the property's size creates several possibilities. Develop the acreage as a single commercial site, build to suit or explore dividing it into multiple smaller tracts. The City of Alvord is open to dividing the larger property into smaller lots, including the possibility of creating four or more 2+ acre commercial sites.
With the former oil and gas well plugged and equipment removed, the tract provides a largely blank canvas for future development.
Highlights:
10.07 acres
Commercially zoned
Cleared and ready to develop
High-visibility US-287 frontage
Two to three sides of road frontage
Convenient access from Business 287 and the 287 Bypass
Build-to-suit potential
Opportunity to subdivide
Potential for multiple 2+ acre commercial tracts
Option 3: 0.81 Acres — Ready-to-Build Townhouse Development
0.81 Acres | MLS #21264961
For builders and investors looking for a project that is further along in the development process, this 0.81-acre property offers a rare ready-to-build opportunity.
The property has already been rezoned and platted for seven townhouses, with approved engineering plans included in the purchase. With much of the planning and approval work already completed, a buyer can move forward without starting the development process from square one.
Located on the north end of the Alvord city limits, the property provides convenient access to US-287 and Alvord schools, making it a strong location for a new residential development.
For buyers interested in thinking beyond the initial seven townhouses, the adjoining 10+ acres are also available. Purchase the additional acreage to explore expanding the townhouse community or create a combination of residential and commercial development.
Highlights:
0.81 acres
Platted for seven townhouses
Approved engineering plans included
Ready-to-build development opportunity
Convenient access to US-287
Near Alvord schools
Additional adjoining acreage available
Opportunity to expand the development
Choose the Opportunity That Fits Your Plans
11.04 Acres: Purchase the complete property and maximize its commercial and residential development potential.
10.07 Acres: Focus on a highly visible commercial tract with subdivision and build-to-suit possibilities.
0.81 Acres: Start with seven approved townhouse lots and a development plan already in place.
Few properties offer this combination of US-287 visibility, city access, commercial potential and ready-to-build residential development in one location.
Interested in This Alvord Development Opportunity?
Contact the Caraway Team at Post Oak Realty for pricing, additional property information, engineering plans or to schedule a tour.
